Intel Capital reported that it has been investing more overseas than in U.S. markets.
The venture-capital investment arm of the chip manufacturer said more than 60 percent of its $265 million in investments were put into companies outside of the United States in 2005.
While the United States was the single biggest market, China was the second-biggest destination, followed by the Middle East and Turkey.
"The world has changed significantly since Intel Capital was first formed in 1991," said Arvind Sodhani, president of Intel Capital. "The hub of global technology innovation is no longer limited to Silicon Valley, but is found in start ups around the world. Intel Capital, as part of Intel Corporation, is poised to promote and support innovative technology start-ups and companies."
"Successful investments create more impact and benefit both for portfolio companies and Intel Capital," Sodhani added. "Look for Intel Capital to be more proactive in areas that it has traditionally stayed clear of, such as leading investment rounds, active board collaboration and taking larger investment stakes in portfolio companies."
Copyright 2006 by United Press International
Explore further: HP revenue inches up after years of decline